Retail premises to let in Front Street, Chester Le Street DH3

Location

The property is situated in a prominent position on Front Street, which is Chester le Street’s principal retail thoroughfare. Chester-Le-Street is a historic market town in County Durham, situated on the banks of the River Tyne. The town is located centrally between Durham and Newcastle upon Tyne and benefits from excellent transport links, being a short distance from the A1(M). Rail communications are also very good with the town having a station situated on the East Coast Mainline. Other nearby retailers include Greggs, Boots, and Halifax among other national and local occupiers.

Description

The property is an attractive four storey building with stone front elevation under a slate pitched roof. There is a separate entrance to the 5 upper floor apartments, with additional storage, bike store and bin stores on the ground floor, which the tenants share with the ground floor.

Accommodation

We calculate the approximate gross internal floor areas to be as follows:

Total 136.00m² 1,465ft²
Total 18.00m² 192ft²
Total 9.60m² 104ft²
Total 163.60m² 1,761ft²

EPC rating

D96

Rating assessment

The rateable value of the premises as at 1 April 2023 is £17,750 and the estimated rates payable for the current year is £8,857.25. This is based on the standard uniform business rates multiplier of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Terms

The property is available to let at £22,500 (Twenty Two Thousand Five Hundred pounds) per annum by way of a new lease, on effective full repairing and insuring terms.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.